Multifamily Cap Rates: What Separates Good Deals From Bad
A cap rate tells you what you pay for today's income, and nothing about whether that income is real. Learn what multifamily cap rates hide and how to look past them.
Free template
Line your property up against up to seven nearby competitors, unit type by unit type, with concessions and required fees turned into true all-in rent and an indicated market rent.
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Inside the workbook
Tab 1
Every unit type in one table with your position against the comps and the total annual rent opportunity.

Tab 2
Rent, size, concessions and required fees by unit type, with effective rent, all-in rent, rent per square foot and comp statistics.

Tab 3
An appraiser-style grid that adjusts each comp's all-in rent for size, amenities and condition to an adjusted market rent.

Comp Profiles
Property details, comparability weights and the amenity matrix for your property and each comp.
Analysis
Pick a unit type for a side-by-side comparison, your position against the benchmark and an indicated market rent.
Photo Board
A visual card for each property with photo, key facts and all-in rent. Drop in your own photos.
Owner Summary
One clean page under your company name and logo for owners, partners or lenders.
Built for
How to use it
Rather have us run the numbers?
Send us your rent roll and T12 and we will build this for your property and show you what it says.
Questions
Insights
A cap rate tells you what you pay for today's income, and nothing about whether that income is real. Learn what multifamily cap rates hide and how to look past them.